So You Want Me to Be Your Executor?
It is not difficult to find a list of things that someone should consider before they dry the ink on their will and name the Executor. These are important lists because there are countless tales of estates in disarray because not enough thought was given to the Executor selection.
But I’m also surprised that I don’t see more lists that advise potential Executors on what they need to consider, or ask, before they accept the responsibility. I know that the first time I was asked I just said “Yes!”, I was so honoured to have been asked. And the first time I actually had to act as an Executor I quickly realized how much I wished I had asked (in this case) my aunt more questions. It is easy to know some of the basics, but the devil is in the details and many of the ‘little things’. And I was never sure if we handled some of those in a way that would have made her happy.
So here is the start of a list of questions, and I invite you to suggest others that need to be asked.
1. Have you preplanned your funeral and documented what you want?
2. If not, would I have to pay the funeral expenses until the estate reimburses me?
3. Do you have a list somewhere of everyone you want to be notified of your death?
4. Are there possessions you have that aren’t listed in the will that you want to go to specific people?
I look forward to your comments and input!